Shiba Inu's Price Rebound Falters on Exchange Outflow Decline

Shiba Inu's (SHIB) price rebound has stalled due to a drop in its seven-day moving average of mean exchange outflows, which fell by about 42% to 48%. This decline suggests that holders are no longer moving SHIB tokens to private wallets at the same pace as before, potentially undermining bullish momentum.

Despite mixed exchange inflow and outflow data, the overall net flow remains strongly negative, indicating cautious investor behavior. This cautiousness is a concern for SHIB investors who had been optimistic about its price rebound.

The token faces significant resistance at $0.00000573, and a decisive move above this level could revive bullish momentum. However, if it drops below $0.0000049-$0.0000050, further price declines may occur.